Mathematics, 29.02.2020 00:18, baileypreston311
Management of the Telemore Company is considering developing and marketing a new product. It is estimated to be twice as likely that the product would prove to be successful as unsuccessful. It it were successful, the expected profit would be $1,500,000. If unsuccessful, the expected loss would be $1,800,000. A marketing survey can be conducted at a cost of $300,000 to predict whether the product would be successful. Past experience with such surveys indicates that successful products have been predicted to be successful 80 percent of the time, whereas unsuccessful products have been predicted to be unsuccessful 70 percent of the time.(a)Find the optimal policy regarding whether to conduct the market survey and whether to develop and market the new product.(b)What is the maximum cost of survey that makes it worth conducting?(c)What is the survey methods could be improved so that it provides more accurate estimates of market success, what is the maximum cost of such an improved survey
Answers: 1
Mathematics, 21.06.2019 20:30, bryce59
Suppose you just purchased a digital music player and have put 8 tracks on it. after listening to them you decide that you like 4 of the songs. with the random feature on your player, each of the 8 songs is played once in random order. find the probability that among the first two songs played (a) you like both of them. would this be unusual? (b) you like neither of them. (c) you like exactly one of them. (d) redo () if a song can be replayed before all 8 songs are played.
Answers: 2
Mathematics, 21.06.2019 22:00, jamarstand
What is the equation of the line that is parallel to the line with the equation y= -3/4x +1 and passes through the point (12,-12)
Answers: 1
Mathematics, 21.06.2019 23:30, haybaby312oxdjli
Line u passes through points (-52, -18) and (-29, 53). line v passes through points (90, 33) and (19, 56). are line u and line v parallel or perpendicular?
Answers: 1
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